Question 1

Discharge by performance occurs by

Accepted Answer

A) completion. 
B) breach. 
C) statute. 
D) release. 
A) completion. 
B) breach. 
C) statute. 
D) release. D

Question 2

A condition qualifies the contractual obligation.

Accepted Answer

A) True 
 B)False  True

Question 3

Discharge occurs when the parties are relieved of their contractual obligations.

Accepted Answer

A) True 
 B)False  True

Question 4

A method of discharge by nonperformance is

Accepted Answer

A) frustration of purpose. 
B) impossibility of performance. 
C) all of the above. 
D) none of the above. 
A) frustration of purpose. 
B) impossibility of performance. 
C) all of the above. 
D) none of the above.

Question 5

An agreed change of contractual obligations is

Accepted Answer

A) rescission. 
B) modification. 
C) release. 
D) conditional. 
A) rescission. 
B) modification. 
C) release. 
D) conditional.

Question 6

Match between columns
                        Premises: A new contract in substitution of an old one.
Commercial method of impossibility of performance.
A condition that occurs at the same time.
Completion of obligations to a contract.
Condition that qualifies promise after contractual obligation.
Condition that qualifies promise before contractual obligation occurs.
Time period to file a lawsuit.
Failure to perform contractual obligations.
Voluntary agreement to terminate contractual obligations.
Contract to settle claims and disputes.

Accepted Answer

The Answer of concurrent and impracticability and statute of limitations is...

Question 7

A condition precedent qualifies the obligation after the contract is consummated.

Accepted Answer

A) True 
 B)False

Question 8

Novation is not a method of discharge.

Accepted Answer

A) True 
 B)False

Question 9

Breach occurs when a party fails to perform contractual obligations.

Accepted Answer

A) True 
 B)False

Question 10

A new contract in substitution of an old contract is which of the following?

Accepted Answer

A) Breach 
B) Rescission 
C) Release 
D) Novation 
A) Breach 
B) Rescission 
C) Release 
D) Novation

Question 11

Discharge can occur because of impossibility of performance.

Accepted Answer

A) True 
 B)False

Question 12

Discharge by operation of law occurs through which of the following?

Accepted Answer

A) Bankruptcy 
B) Statute of limitations 
C) All of the above 
D) None of the above 
A) Bankruptcy 
B) Statute of limitations 
C) All of the above 
D) None of the above

Question 13

Which of the following is a method of discharge by nonperformance in the commercial context?

Accepted Answer

A) Impracticability 
B) Release 
C) Breach 
D) Frustration of purpose 
A) Impracticability 
B) Release 
C) Breach 
D) Frustration of purpose

Question 14

The failure of a party to perform contractual obligations is

Accepted Answer

A) release. 
B) integration. 
C) rescission. 
D) breach. 
A) release. 
B) integration. 
C) rescission. 
D) breach.

Question 15

Parties cannot discharge their obligations by agreement.

Accepted Answer

A) True 
 B)False

Question 16

A method of discharging contractual obligations by agreement is

Accepted Answer

A) rescission. 
B) release. 
C) novation. 
D) all of the above. 
A) rescission. 
B) release. 
C) novation. 
D) all of the above.

Question 17

Which of the following is a condition implied by a court?

Accepted Answer

A) Precedent 
B) Subsequent 
C) Constructive condition 
D) Concurrent condition 
A) Precedent 
B) Subsequent 
C) Constructive condition 
D) Concurrent condition

Question 18

An express condition is presumed under the law.

Accepted Answer

A) True 
 B)False

Question 19

A contract that settles disputed claims is which of the following?

Accepted Answer

A) Satisfaction 
B) Accord 
C) Accord and satisfaction 
D) None of the above 
A) Satisfaction 
B) Accord 
C) Accord and satisfaction 
D) None of the above

Question 20

Modification is a method to alter obligations under a contract.

Accepted Answer

A) True 
 B)False

Discharge by performance occurs by

A condition qualifies the contractual obligation.

Discharge occurs when the parties are relieved of their contractual obligations.

A method of discharge by nonperformance is

An agreed change of contractual obligations is

A condition precedent qualifies the obligation after the contract is consummated.

Novation is not a method of discharge.

Breach occurs when a party fails to perform contractual obligations.

A new contract in substitution of an old contract is which of the following?

Discharge can occur because of impossibility of performance.

Discharge by operation of law occurs through which of the following?

Which of the following is a method of discharge by nonperformance in the commercial context?

The failure of a party to perform contractual obligations is

Parties cannot discharge their obligations by agreement.

A method of discharging contractual obligations by agreement is

Which of the following is a condition implied by a court?

An express condition is presumed under the law.

A contract that settles disputed claims is which of the following?

Modification is a method to alter obligations under a contract.

Contract Law: a General Introduction

Contract Basics: an Overview

Formation of a Contraction: Offer and Acceptance

Consideration: the Value for the Promise

Mutual Assent of the Parties

Capacity: The Ability to Contract

Legality in Contracts

Proper Form of the Contract: the Writing

Remedies in Contract Law

Third Party Contracts

Sales: Article 2 of the Uniform Commercial Code

Performance Under Article 2: Seller and Buyer Duties

Title, Risk of Loss, and Warranties

Seller and Buyer Remedies

Contracts and the Internet: Something Borrowed, Something New

Drafting a Contract: The Essentials

Drafting a Contract: Specific Provisions

Analyzing a Contracts Problem: Putting Theory Into Practice

Filters

Exam 9: Performance and Discharge of the Contract

Discharge by performance occurs by

A condition qualifies the contractual obligation.

Discharge occurs when the parties are relieved of their contractual obligations.

A method of discharge by nonperformance is

An agreed change of contractual obligations is

A condition precedent qualifies the obligation after the contract is consummated.

Novation is not a method of discharge.

Breach occurs when a party fails to perform contractual obligations.

A new contract in substitution of an old contract is which of the following?

Discharge can occur because of impossibility of performance.

Discharge by operation of law occurs through which of the following?

Which of the following is a method of discharge by nonperformance in the commercial context?

The failure of a party to perform contractual obligations is

Parties cannot discharge their obligations by agreement.

A method of discharging contractual obligations by agreement is

Which of the following is a condition implied by a court?

An express condition is presumed under the law.

A contract that settles disputed claims is which of the following?

Modification is a method to alter obligations under a contract.

Contract Law: a General Introduction

Contract Basics: an Overview

Formation of a Contraction: Offer and Acceptance

Consideration: the Value for the Promise

Mutual Assent of the Parties

Capacity: The Ability to Contract

Legality in Contracts

Proper Form of the Contract: the Writing

Remedies in Contract Law

Third Party Contracts

Sales: Article 2 of the Uniform Commercial Code

Performance Under Article 2: Seller and Buyer Duties

Title, Risk of Loss, and Warranties

Seller and Buyer Remedies

Contracts and the Internet: Something Borrowed, Something New

Drafting a Contract: The Essentials

Drafting a Contract: Specific Provisions

Analyzing a Contracts Problem: Putting Theory Into Practice

Filters